FMA in New Zealand warns against blackwood-investment.com
FMA in New Zealand warns against blackwood-investment.com. The New Zealand's regulator is concerned that blackwood-investment.com is operating a scam. The regulator is also aware that the representatives from the website have cold called New Zealand investors offering fictitious pre-IPO shares.
The regulator is also adding that the phones calls were from various telephone numbers showing different country codes. In addition, they also provided an e-wallet account and bank accounts in the names of third parties for investors to transfer their investments funds. However, the business address that provided is appeared to be false as the FMA regulator believes that they pretend to be a registered Hong Kong company, Blackwood Investment Limited.
The operators of blackwood-investment.com are not registered financial services providers or subject to regulation in New Zealand. The regulators recommends to be warned before dealing with the website.
Details of the Unauthorized Firm - blackwood-investment.com
Brokerswatch recommends investing only with brokers that are regulated by reputable authority.
Reputable regulatory authority provides additional protection to investors by ensuring that financial firms apply proper standards and rules. Additionally, if the broker tries to cheat you out of your money, it is the regulator’s job to force the financial firm to compensate you for any wrongdoing.